Hundreds of businesses in the East Midlands are still not covered by the correct insurance programmes and only find out when they try to make a claim, says a Mansfield firm.
Cowens Survival Capability, based on Commercial Gate, says many businesses are needlessly going under because they do not take the time to ensure they have correctly assessed the risks associated with their business.
Said director Stuart Williams: “The time to find a business is under-insured is not when it makes a claim. It’s a sad fact that 67 per cent of businesses don’t last for two years following a claim – this need not be the case.
“Perhaps because of the economic situation over recent months, businesses are failing to look at the detail of contracts and programmes of cover.”
Cowens SC is an established firm of business solutions providers which specialises in advising clients on how to ensure they have the right insurance cover and the correct procedures in place should crises happen.
Taken from the ‘Mansfield Chad’ 25th November 2009.
Written by Ashley Booker – Ashley.Booker@Chad.co.uk
